Loncor Gold (TSE:LN) Shares Down 2% – Should You Sell?

Loncor Gold Inc. (TSE:LN)’s stock price fell 2% during trading on Thursday . The stock traded as low as C$0.47 and last traded at C$0.48. 39,700 shares traded hands during trading, an increase of 20% from the average session volume of 33,177 shares. The stock had previously closed at C$0.49.

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.80 target price on Loncor Gold and gave the company a “buy” rating in a report on Tuesday, September 17th.

Loncor Gold Price Performance

The firm has a market capitalization of C$74.21 million, a PE ratio of -2.53 and a beta of 1.16. The company has a 50-day moving average price of C$0.40 and a 200-day moving average price of C$0.39. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.24 and a quick ratio of 0.77.

Loncor Gold (TSE:LN) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Loncor Gold Company Profile

Loncor Gold Inc, a gold exploration company, engages in the acquisition, exploration, and development of precious metal projects in the Ngayu greenstone belt in the northeast of the Democratic Republic of the Congo and Canada. It explores for gold and platinum deposits. The company holds 84.68% interest in the Adumbi project, which consist of two mining licenses covering an area of 361 square kilometers located within the Archaean Ngayu Greenstone Belt in the Ituri and Haut Uele provinces in northeastern Congo.